Enquiring minds and employee ownership - the perfect match!
Today Employee Ownership Association CEO Iain Hasdell spoke to the entrepreneurs and MDs of the future at the University of York Management School about the increased productivity and engagement that comes from employee ownership.
Bringing to life the history, context and future of employee ownership in the UK economy, EOA CEO Iain Hasdell told students about some of the UK businesses currently responsible for over 3% of UK GDP, or £30bn per year.
He said: “Employee-owned firms allow employees to reap the benefits of their hard work and put the people who know the business in the driving seat and. All the evidence shows that these companies are more successful and lead to faster economic growth. From Sheffield’s Gripple to UK wide companies like Arup you can see just how successful an employee owned business can be.
“Employee ownership is a way of being your own boss and for students to learn that at the beginning of their working lives is the way to bring about a step change in the number of employee owned businesses in the UK. With limited experts in the legal and accountancy fields, giving the entrepreneurs and MDs of tomorrow an appreciation of co-ownership can only be a good thing!”
“Employee owners feel more empowered and in control than other workers. Being an employee owner is not simply about ownership of shares – directly or indirectly – but empowerment and involvement in decisions about the business. Our goal is to see UK employee ownership grow to 10% of UK GDP by 2020.”
Professor Andrew Pendleton says: "Employee ownership is growing rapidly in the UK and we are delighted that Iain was able to tell our students about it".